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SaeedRehman
Feb 14, 2015 3:39 PM

EURJPY 60 min chart Long

EURO / JAPANESE YENICE

Description

Price has broken to the upside and is now retesting the new support level indicated by the blue line. If this holds there is a possible buy entry around the blue line, with stops below point B.

Alternatively you could wait for the pattern to complete and enter at point D, which has previous structure support and confluence of the 1.272 ext of AB
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